Grab a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-ict-market/requestsample

Saudi Arabia’s Vision 2030 drives ICT growth with $6.4 billion invested in digital infrastructure, including 5G covering 77% of the country. The ICT market, valued at $50.6 billion, contributes 4.1% to GDP, fueled by smart city projects like NEOM, using 45 million IoT devices. The Ministry of Communications’ initiatives, like the Digital Government Authority’s cloud-first policy, boost e-governance and AI adoption. Companies like STC are expanding 5G to 75 cities, enhancing connectivity for e-commerce and digital health, aligning with national diversification goals.

Rising cybersecurity needs and AI adoption are key ICT drivers, with the cybersecurity market valued at $3.6 billion. The Saudi Data and AI Authority (SDAIA) supports AI solutions for healthcare and logistics, contributing $135 billion to the economy. Elm’s $907 million acquisition of Thiqah enhances smart services. With 98.6% internet penetration and 36.96 fixed broadband subscriptions per 100 people, demand for cloud computing and IoT solutions grows. Government reforms, like the Cloud Computing Special Economic Zone, attract firms like Huawei Cloud, fostering innovation.

Key Market Trends & Insights:

AI-Driven Digital Transformation

AI is reshaping ICT, with $135 billion in economic impact from applications in healthcare and logistics. SDAIA’s smart city solutions for NEOM, using 45 million IoT devices, enhance efficiency, driving 25% of ICT market growth.

Cloud Computing Expansion

Cloud services dominate, with 4.1% of GDP from ICT. Huawei Cloud’s Special Economic Zone partnership supports 70% of enterprises adopting cloud-first strategies, boosting e-governance and smart manufacturing for projects like Qiddiya.

Cybersecurity Prioritization

Cybersecurity, valued at $3.6 billion, is surging due to rising digital threats. Elm’s $907 million Thiqah acquisition strengthens secure platforms, with 60% of firms investing in AI-driven threat detection to protect smart city infrastructure.

5G Network Rollout

With 77% 5G coverage across 75 cities, STC’s network supports 36.96 broadband subscriptions per 100 people. This enables real-time IoT applications in NEOM, driving 30% of ICT demand for high-speed connectivity solutions.

E-Commerce and Digital Payments

E-commerce fuels ICT, with 98.6% internet penetration driving $1.88 billion in online sales. STC Pay’s mobile transactions, used by 65% of urban consumers, enhance digital payment systems, supporting Vision 2030’s cashless economy goals.

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=13986&flag=E